Looks like the accumulator, realizing the jig is almost up at 56c is building a 2nd line of defence at 56.5 with a nice plump 1m sell.
I see the players still play this the way they did when I last held. lol.
I bet the brokers phones are ringing off the hook with people trying to get crosses below market. Might be interesting to see what happens after the market closes today. Clearly someone taking big chunks at 56c a little earlier.
IOF Price at posting:
56.0¢ Sentiment: ST Buy Disclosure: Held